The issue with hiding your car from the repo man, apart from it being unlawful, is that the repo man will pass on any bills that he has onto you. After the bank repossesses your automobile, the financial institution will sell your automobile at auction. Usually they are going to get a bargain-basement price. The difference between what you have left on the loan and what they get at auction, plus the costs of repossessing the automobile, can be handed onto you. If you happen to make it more difficult for the bank to get your automotive back, you will ultimately have to pay again more cash.

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Policy modifications typically affect you’re eligibility for insurance reductions, such because the multi-automotive discount. Safeco does offer many different ways to save lots of on automobile insurance coverage, however. If you’d like to debate whether you might be eligible for every other car insurance discounts, please contact your unbiased agent.